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Suppose the market price in a perfectly competitive market is $10. Suppose the marginal cost of the firm is given by: MC = 2Q + 2. Graph the profit maximizing decision facing the firm, showing the corresponding profit maximizing level of output, on a piece of graph paper. Then calculate the firm's producer surplus.
A investor wants to build an apartment building of 90 apartments. The MARR is 8%. The construction of the building will last 3 years with distributed cost for a total amount of 9 million $. The land cost 10 million $. What is the actualised payback p..
Describe pressures that currency would face due to increasing oil prices. Will this response by central bank increase or decrease foreign reserves.
Firms A and B make up a cartel that monopolizes the market for a scarce natural resource. The firms’ marginal costs are MCa = 6+2Qa and MCb = 18+Qb respectively. The firms seek to maximize the cartel’s total profit. The firms have decided to limit th..
which planet has the comparative advantage in coffee? in fried chicken?
q1. for you and your neighbor to specialize and trade it must be that the price at which you or your neighbor sells the
suppose that a big mac costs 5.00 in new york and sf30 in geneva. suppose further that the price of 1sf on that day is
q1. least degree of confidence in an economic generalization?q2. what is example of propaganda?q3. a. assume the
What will happen if the case goes to trial after the defendant (injurer) offers to settle for $10,001? Is the plaintiff (victim) better off accepting this offer or going to trial - What do you expect to happen in pre-trial negotiations?
Describe the best possible distribution channel for that product or service and why that particular channel would be better than any alternatives. Discuss the challenges you would face if you decided to market your product or service on a global ..
Christine bought a BMW when she came to LA as a County Judge. The BMW was purchased by taking a loan that was to be paid off in 20 equal, quarterly payments. The interest rate on the loan was 12% per year with quarterly compounding. What was the amou..
According to studies undertaken by the Department of Agriculture, the price elasticity of demand for cigarettes is approximately -0.3 and the income elasticity is approximately 0.5.
Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these to rise about $1500 each year while he is in college. If it will take him 5 years to ..
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